Question

Matching Match the letter of the term for each of the following definitions. a. Obtaining resources...

Matching

Match the letter of the term for each of the following definitions.

a.

Obtaining resources from and repaying resources to owners and creditors.

b.

Short-term, highly liquid investments.

c.

One of three primary financial statements.

d.

Financial resources flowing into and out of an entity.

e.

Authoritative guidance for preparing a statement of cash flows.

f.

Transactions involving the purchase or sale of assets generally classified as noncurrent..

g.

Depreciation expense.


____   14.   Financing activities

____   15.   Investing activities

____   16.   Cash flows

____   17.   FASB Statement No. 95

____   18.   Statement of cash flows

____   19.   Cash equivalents


____   20.   Noncash

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Answer #1

Matching :

a Obtaining resources from and repaying resources to owners and creditors. Financing activities
b Short-term, highly liquid investments. Cash equivalents
c One of three primary financial statements. Statement of cash flows
d Financial resources flowing into and out of an entity. Cash flows
e Authoritative guidance for preparing a statement of cash flows. FASB Statement No. 95
f Transactions involving the purchase or sale of assets generally classified as noncurrent Investing activities
g

Depreciation expense.
Non Cash
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